4, THE LEA, NORTH WALSHAM, NR28 9DN - £209,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 THE LEA is a small extended detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £283,394. It was last sold for £209,950 in June 2017, which was around 34% below the average June 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was December 2010, where the current energy rating was E, and the potential energy rating was D.

4 THE LEA Sold Prices

Land registry data shows two sales for 4 THE LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Both of the two 4 THE LEA sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 2 JUN	£209,950	£319,167	34% below HPI
2011 28 NOV	£132,000	£241,426	45% below HPI

4 THE LEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two 4 THE LEA sales from November 2011 and June 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2011 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the June 2017 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 4 THE LEA be worth now?

4 THE LEA might now be worth an estimated £283,394.

This is based on house price inflation of 35%, between June 2017 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35% inflationary increase is applied to the most recent sale price for 4 THE LEA of £209,950 on 2nd June 2017. For the value to have increased from £209,950 to £283,394 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 4 THE LEA has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2017 sale price of £209,950 represented a fair market value for the property.
• The size, condition, and specification of 4 THE LEA has not materially changed since June 2017.

How Large is 4 THE LEA?

4 THE LEA is 82m², which includes one extension, according to the EPC inspection conducted in December 2010. This puts it in the smallest 30% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 4 THE LEA lies on this distribution: 26% of detached houses houses are smaller than 4 THE LEA, and 74% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

4 THE LEA: Plot and Title Map

4 THE LEA sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of 4 THE LEA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 THE LEA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 THE LEA?

4 THE LEA is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 4 on THE LEA.